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What is the role of the PAX token?

The PAX token is the main internal payment method for data and analysis plug-ins and executes smart contracts on the MADANA platform.

What is the total supply of PAX tokens?

The total supply of PAX is 100,000,000 (one hundred million) Token.

What token type can be attributed to the PAX token.

Based on recent the evaluation from the German federal financial supervisory authority (BaFin), we received the confirmation that the PAX token is considered to be a "Cryptocurrency".

Will MADANA's PAX cryptocurrency be issued on the Ethereum blockchain?

Yes our cryptocurrency will be issued as an ERC-20 standard token on the Ethereum blockchain. Several possibilities exist to connect both the Ethereum and the Lisk ecosystem (e.g. a Lisk-Ethereum Bridge) and we will choose the best path that will suit the state of the MADANA platform development in the future. 

Will PAX be minable?

There will be no more than 100,000,000 (one hundred million) PAX in existence and no more PAX will be created after the initial distribution.